The Company is issuing options and needs an appraisal of the common stock for 409A/123R purposesPurchase price allocation for an acquisitionTest for goodwill impairmentGift or estate taxOther

At what stage of development is the business

Start-up. Not yet generating revenues. No funding beyond the seed round.Emerging. More than one round of financing closed. Product development complete or advanced.Established.Company has a multi-year history of commercial revenues.